Smart Mirror Market Research Report-Global Forecast till 2023

Smart Mirror Market Research Report-Global Forecast till 2023

ID: MRFR/SEM/2409-HCRR | November, 2018 | Region: Global | 100 pages | Half-Cooked Research Reports

Smart Mirror Market Research Report by Component (hardware, software, services), Application (automotive, hospitality & retail, others), Technology (self- diming, self-cleaning, self-repairing), Region (Europe, APAC, RoW)-Global Forecast till 2023


Market Synopsis


Worldwide the smart mirrors market is expected to grow from USD 1.81 billion in 2017 to USD 4.01 billion by 2023 at a compound annual growth rate (CAGR) of 14.15% during the forecast period. Factors driving the smart mirrors market are increasing adoption of advanced driver assistance system (ADAS) in the automotive sector and transition of retail industry into digital stores.


Smart mirrors are advanced mirrors made by integrating displays, sensors, and camera as major embedded electronic components. These next-generation mirrors offer internet connectivity and touchscreen features and are gaining momentum due to various factors such as design, convenience, and safety. The prime objective of road safety can be achieved by enhancing the functionalities of automotive mirrors which further elevates the demand for smart mirrors in the automotive sector. In the retail and advertising sector, the use of smart mirrors is seen in many places such as dressing rooms to increase sales and provide a better customer experience. The smart digital mirrors are expected to gain prominent market share in healthcare applications, residential as well as professional settings. Smart mirror technologies can improve patient care, thereby reducing healthcare expenses in some instances. Smart mirrors can deliver patient-specific information such as real-time vital statistics (body temperature, heart rate, and blood pressure) of the patient and prescription reminders. Also, due to the presence of considerable number of start-ups involved in providing innovative features to their smart mirror products is spurring the market growth. However, high initial cost of installation and security issues associated with confidential and personal data is expected to hinder the market growth. The growing trend of smart cities and smart homes is expected to pave the way for new opportunities in the smart mirrors market in the forecast period.


Europe dominates the market followed by North America which is the fastest growing region owing to significant growth in the automotive sector and advertising industry. Key players in the market include Gentex Corporation, Magna International Inc., Samsung Electronics, Murakami Kaimeido, Seura, Perseus Mirrors, Ficosa, Dension, and Electric Mirror.


Smart  Mirror Market


Smart Mirror Market


Source: MRFR Analysis


Segmentation


By component, the market is segmented into hardware, software, and services.


By application, the market is segmented into automotive, hospitality& retail, and others.


By technology, the market is segmented into self-diming and others(self-cleaning, self-repairing).


By region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Regional Analysis


The global market for smart mirrors is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of smart mirror market is done for North America, Europe, Asia-Pacific, and the rest of the world.


Europe is expected to dominate the smart mirrors market and is followed by North America which is the fastest growing region in the smart mirrors market owing to the wide acceptance of smart mirrors in automobiles, retail, and consumer electronics segments.  APAC is expected to grow at a significant rate during the forecast period due to the emergence of various small start-up enterprises. Also, the exceptional growth in the automobile sector will drive the market in the Gulf countries.


Competitive Analysis


Many key players in the market have adopted new product development as their chief organic strategy and have invested generously in their research and development activities to enhance their product capabilities and offer technically advanced products to the end users. Also, the key players focus on various startups in the market and aim at acquiring these to expand their technical expertise, enhance their productivity, and increase their distribution channels in the market. Therefore, mergers & acquisitions, partnerships, joint ventures and collaboration act as primary inorganic strategies for the companies.


Key Players


The prominent players in the smart mirror market are Japan Display Inc. (Japan), Samsung Electronics (South Korea), Perseus Mirrors (US), Gentex (US), Magna International Inc. (Canada), Electric Mirror (US) and Seura (US).


Other players in the smart mirror market are Murakami Kaimeido (Japan), Ficosa (Spain), ALKE (Belgium), Ad Notam (Germany), Dension (Hungary) and Keonn (Spain).


Intended Audience



  • Smart mirror system integrators and developers

  • Hardware providers

  • Smart mirror software vendors

  • Investor community

  • Residential, commercial, and industrial sectors

  • Technology standard organizations, forums, alliances, and associations

  • Government bodies, venture capitalists, and private equity firms

TABLE OF CONTENTS



1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Smart Mirrors Market

5 Industry Overview of Global Smart Mirrors Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7 Global Smart Mirrors Market by Component

7.1 Introduction

7.2 Hardware

7.2.1 Market Estimates & Forecast, 2018–2023

7.2.2 Market Estimates & Forecast by Region, 2018–2023

7.3 Software

7.3.1 Market Estimates & Forecast, 2018–2023

7.3.2 Market Estimates & Forecast by Region, 2018–2023

7.4 Services

7.4.1 Market Estimates & Forecast, 2018–2023

7.4.2 Market Estimates & Forecast by Region, 2018–2023



8 Global Smart Mirrors Market by Application

8.1 Introduction

8.2 Automotive

8.2.1 Market Estimates & Forecast, 2018–2023

8.2.2 Market Estimates & Forecast, by Region, 2018–2023

8.3 Hospitality & Retail

8.3.1 Market Estimates & Forecast, 2018–2023

8.3.2 Market Estimates & Forecast, by Region, 2018–2023

8.4 Others

8.4.1 Market Estimates & Forecast, 2018–2023

8.4.2 Market Estimates & Forecast, by Region, 2018–2023

9 Global Smart Mirrors Market by Technology

9.1 Introduction

9.2 Self-dimming

9.2.1 Market Estimates & Forecast, 2018–2023

9.2.2 Market Estimates & Forecast, by Region, 2018–2023

9.3 Others

9.3.1 Market Estimates & Forecast, 2018–2023

9.3.2 Market Estimates & Forecast, by Region, 2018–2023



10. Global Smart Mirrors Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, by Country, 2018–2023

10.2.2 Market Estimates & Forecast, by Component, 2018–2023

10.2.3 Market Estimates & Forecast, by Application, 2018–2023

10.2.4 Market Estimates & Forecast, by Application, 2018–2023

10.2.5 Market Estimates & Forecast, by Application, 2018–2023



10.2.6 US

10.2.6.1 Market Estimates & Forecast, by Component, 2018–2023

10.2.6.2 Market Estimates & Forecast, by Application, 2018–2023

10.2.6.3 Market Estimates & Forecast, by Application, 2018–2023

10.2.6.4 Market Estimates & Forecast, by Application, 2018–2023

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, by Component, 2018–2023

10.2.7.2 Market Estimates & Forecast, by Application, 2018–2023

10.2.7.3 Market Estimates & Forecast, by Application, 2018–2023

10.2.7.4 Market Estimates & Forecast, by Application, 2018–2023

10.2.8 Mexico

10.2.8.1 Market Estimates & Forecast, by Component, 2018–2023

10.2.8.2 Market Estimates & Forecast, by Application, 2018–2023

10.2.8.3 Market Estimates & Forecast, by Application, 2018–2023

10.2.8.4 Market Estimates & Forecast, by Application, 2018–2023

10.3 Europe

10.3.1 Market Estimates & Forecast, Country, 2018–2023

10.3.2 Market Estimates & Forecast, by Component, 2018–2023

10.3.3 Market Estimates & Forecast, by Application, 2018–2023

10.3.4 Market Estimates & Forecast, by Application, 2018–2023

10.3.5 Market Estimates & Forecast, by Application, 2018–2023

10.3.6 Germany

10.3.6.1 Market Estimates & Forecast, by Component, 2018–2023

10.3.6.2 Market Estimates & Forecast, by Application, 2018–2023

10.3.6.3 Market Estimates & Forecast, by Application, 2018–2023

10.3.6.4 Market Estimates & Forecast, by Application, 2018–2023

10.3.7 France

10.3.7.1 Market Estimates & Forecast, 2018–2023

10.3.7.2 Market Estimates & Forecast, by Component, 2018–2023

10.3.7.3 Market Estimates & Forecast, by Application, 2018–2023

10.3.7.4 Market Estimates & Forecast, by Application, 2018–2023

10.3.7.4 Market Estimates & Forecast, by Application, 2018–2023



10.3.8 Italy

10.3.8.1 Market Estimates & Forecast, by Component, 2018–2023

10.3.8.2 Market Estimates & Forecast, by Application, 2018–2023

10.3.8.3 Market Estimates & Forecast, by Application, 2018–2023

10.3.8.4 Market Estimates & Forecast, by Application, 2018–2023



10.3.9 Spain

10.3.9.1 Market Estimates & Forecast, by Component, 2018–2023

10.3.9.2 Market Estimates & Forecast, by Application 2018–2023

10.3.9.3 Market Estimates & Forecast, by Application, 2018–2023

10.3.9.4 Market Estimates & Forecast, by Application, 2018–2023



10.3.10 UK

10.3.10.1 Market Estimates & Forecast, by Component, 2018–2023

10.3.10.2 Market Estimates & Forecast, by Application, 2018–2023

10.3.10.3 Market Estimates & Forecast by Application, 2018–2023

10.3.10.4 Market Estimates & Forecast, by Application, 2018–2023



10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, Country, 2018–2023

10.4.2 Market Estimates & Forecast, by Component, 2018–2023

10.4.3 Market Estimates & Forecast, by Application, 2018–2023

10.4.4 Market Estimates & Forecast, by Application, 2018–2023

10.4.5 Market Estimates & Forecast, by Application, 2018–2023



10.4.6 China

10.4.6.1 Market Estimates & Forecast, by Component, 2018–2023

10.4.6.2 Market Estimates & Forecast, by Application, 2018–2023

10.4.6.3 Market Estimates & Forecast, by Application, 2018–2023

10.4.6.4 Market Estimates & Forecast, by Application, 2018–2023

10.4.7 India

10.4.7.1 Market Estimates & Forecast, by Component, 2018–2023

10.4.7.2 Market Estimates & Forecast, by Application, 2018–2023

10.4.7.3 Market Estimates & Forecast, by Application, 2018–2023

10.4.7.4 Market Estimates & Forecast, by Application, 2018–2023

10.4.8 Japan

10.4.8.1 Market Estimates & Forecast, by Component, 2018–2023

10.4.8.2 Market Estimates & Forecast, by Application, 2018–2023

10.4.8.3 Market Estimates & Forecast, by Application, 2018–2023

10.4.8.4 Market Estimates & Forecast, by Application, 2018–2023

10.4.9 Rest of Asia-Pacific

10.4.9.1 Market Estimates & Forecast, by Component, 2018–2023

10.4.9.2 Market Estimates & Forecast, by Application, 2018–2023

10.4.9.3 Market Estimates & Forecast, by Application, 2018–2023

10.4.9.4 Market Estimates & Forecast, by Application, 2018–2023

10.5 The rest of the world

10.5.1 Market Estimates & Forecast, Country, 2018–2023

10.5.2 Market Estimates & Forecast, by Component, 2018–2023

10.5.3 Market Estimates & Forecast, by Application, 2018–2023

10.5.4 Market Estimates & Forecast, by Application, 2018–2023

10.5.5 Market Estimates & Forecast, by Application, 2018–2023

10.5.6 Middle East & Africa

10.5.6.1 Market Estimates & Forecast, by Component, 2018–2023

10.5.6.2 Market Estimates & Forecast, by Application, 2018–2023

10.5.6.3 Market Estimates & Forecast, by Application, 2018–2023

10.5.6.4 Market Estimates & Forecast, by Application, 2018–2023

10.5.7 Latin America

10.5.7.1 Market Estimates & Forecast, by Component, 2018–2023

10.5.7.2 Market Estimates & Forecast, by Application, 2018–2023

10.5.7.3 Market Estimates & Forecast, by Application, 2018–2023

10.5.7.4 Market Estimates & Forecast, by Application, 2018–2023

11 Company Landscape

12 Company Profiles

12.1 Japan Display Inc

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Samsung Electronics

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Perseus Mirrors

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Gentex

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Magna International Inc

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Electric Mirror

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Seura

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Murakami Kaimeido

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 Ficosa

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 ALKE

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

13 Conclusion



LIST OF TABLES



Table 1 Global Smart Mirrors Market, by Region, 2018–2023

Table 2 North America: Smart Mirrors Market, by Country, 2018–2023

Table 3 Europe: Smart Mirrors Market, by Country, 2018–2023

Table 4 Asia-Pacific: Smart Mirrors Market, by Country, 2018–2023

Table 5 Middle East & Africa: Smart Mirrors Market, by Country, 2018–2023

Table 6 Latin America: Smart Mirrors Market, by Country, 2018–2023

Table 7 Global Smart Mirrors Technology Market, by Region, 2018–2023

Table 8 North America: Smart Mirrors Technology Market, by Country, 2018–2023

Table 9 Europe: Smart Mirrors Technology Market, by Country, 2018–2023

Table10 Asia-Pacific: Smart Mirrors Technology Market, by Country, 2018–2023

Table11 Middle East & Africa: Smart Mirrors Technology Market, by Country, 2018–2023

Table12 Latin America: Smart Mirrors Technology Market, by Country, 2018–2023

Table13 Global Smart Mirrors Application Market, by Region, 2018–2023

Table14 North America: Smart Mirrors Application Market, by Country, 2018–2023

Table15 Europe: Smart Mirrors Application Market, by Country, 2018–2023

Table16 Asia-Pacific: Smart Mirrors Application Market, by Country, 2018–2023

Table17 Middle East & Africa: Smart Mirrors Application Market, by Country, 2018–2023

Table18 Latin America: Smart Mirrors Application Market, by Country, 2018–2023

Table19 Global Smart Mirrors Technology Market, by Region, 2018–2023

Table20 North America: Smart Mirrors Technology Market, by Country, 2018–2023

Table21 Europe: Smart Mirrors Technology Market, by Country, 2018–2023

Table22 Asia-Pacific: Smart Mirrors Technology Market, by Country, 2018–2023

Table23 Middle East & Africa: Smart Mirrors Technology Market, by Country, 2018–2023

Table24 Latin America: Smart Mirrors Technology Market, by Country, 2018–2023

Table25 Asia-Pacific: Smart Mirrors Market, by Country

Table26 Asia-Pacific: Smart Mirrors Market, by Component

Table27 Asia-Pacific: Smart Mirrors Market, by Application

Table28 Asia-Pacific: Smart Mirrors Market, by Technology

Table29 Middle East & Africa: Smart Mirrors Market, by Country

Table30 Middle East & Africa: Smart Mirrors Market, by Component

Table31 Middle East & Africa: Smart Mirrors Market, by Application

Table32 Middle East & Africa: Smart Mirrors Market, by Technology

Table33 Latin America: Smart Mirrors Market, by Country

Table34 Latin America: Smart Mirrors Market, by Component

Table35 Latin America: Smart Mirrors Market, by Application

Table36 Latin America: Smart Mirrors Market, by Technology



LIST OF FIGURES



FIGURE 1 Global Smart Mirrors Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Smart Mirrors Market

FIGURE 4 Value Chain of Global Smart Mirrors Market

FIGURE 5 Share of Global Smart Mirrors Market in 2017, by Country (in %)

FIGURE 6 Global Smart Mirrors Market, 2018–2023

FIGURE 7 Global Smart Mirrors Market Size, by Component, 2018

FIGURE 8 Share of Global Smart Mirrors Market, by Component, 2018 to 2023

FIGURE 9 Global Smart Mirrors Market Size, by Application, 2018

FIGURE 10 Share of Global Smart Mirrors Market, by Application, 2018 to 2023

FIGURE 11Global Smart Mirrors Market Size, by Technology, 2018

FIGURE 12 Share of Global Smart Mirrors Market, by Technology, 2018 to 2023